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Jan 21, 2013
01/13
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CSPAN2
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what was the colonial economy? these are all drugs. .. and now we have turkish coffee, english tea time and of course of the fortunes that drove a lot in the european development. and so, long story short the reason have the world got colonized in some ways is because a bunch of old white men in europe couldn't get up so there you have sex, drugs and international relations but i tell the story because what we consider drugs is important so when the white males of european ancestry that drafted this 1961 convention got to read some of their favorite drugs that they got accustomed to policy, alcohol, you know, all these things they love to do. but coca was something indigenous people used and is the attitude that made them say this is forbidden, this causes degeneration, this is terrible stuff. but coca in its natural form is a very beneficial and relatively harmless. it's a very mild stimulus in my opinion and my personal experience two cups of coffee basically, so this thing that's hard to get across people in the united states these pol
what was the colonial economy? these are all drugs. .. and now we have turkish coffee, english tea time and of course of the fortunes that drove a lot in the european development. and so, long story short the reason have the world got colonized in some ways is because a bunch of old white men in europe couldn't get up so there you have sex, drugs and international relations but i tell the story because what we consider drugs is important so when the white males of european ancestry that drafted...
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Jan 15, 2013
01/13
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FBC
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melissa: is good for the economy, good for jobs, what is your main message? >> fracking has never polluted water sources. at least the head of the epa, she said that twice to congress, not a single piece of scientific evidence to show the fracking -- melissa: because there is no evidence, people have not been out there looking at it, have not been focused long enough. just trying to be the devil's advocate. >> fracking has been going on in america since 1947. there is a big test pool. we would have known about it by now. every step to fracking it is scientific reports. this is one place where the science is settled. fracking has been going on since 1947. melissa: do you think you'll be able to reach enough people out there o where does the name of matt damon reach more people? >> it has zerasked nominations, a very interesting phenomenon. we will be on tv and that is great, every american, most americans will have a chance to see it. on access to january 22, 9:00 p.m. eastern. melissa: you have to get your plug-in. thank you for coming on. time for today's fu
melissa: is good for the economy, good for jobs, what is your main message? >> fracking has never polluted water sources. at least the head of the epa, she said that twice to congress, not a single piece of scientific evidence to show the fracking -- melissa: because there is no evidence, people have not been out there looking at it, have not been focused long enough. just trying to be the devil's advocate. >> fracking has been going on in america since 1947. there is a big test...
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Jan 14, 2013
01/13
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FBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. it's the musical melissa: can you ever have too many snakes? we told you about the first ever python challenge in the everglades. offering prizes to whoever snags the most snakes. as well as two bags the biggest. so for hundreds of people have shown up to get in on the action including fox news down there with a machete. look at that. you look very scary. and imposing. >> this is the recommended tool to take out. guns and machetes. after three d
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello?...
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Jan 19, 2013
01/13
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CSPAN2
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they hold a very simple the economy. at the support zero tolerance or you are accused as i was of wanting to sell heroin in candy machines to children. there is a whole spectrum of regulatory possibilities for different drugs to meet structure be treated differently right now we have a one-size-fits-all. can so we're going to have to experiment and find out which policies work best for each particular drug. stimulants are a bit more problematic, but we need to find up to what extent our war on cocaine originally in the 80's helped popularize and spread a poor person's version of cocaine, crack. to what extent that our war on crack helper popularize the poor person's crack, mess. each time we end up with an easier to produce, more difficult to stop the more problematic, more dangerous drug and this is a lesson we should learn from alcohol prohibition. there are many lessons we have not learned from out of prohibition. put it this way. if you were a bootlegger during alcohol prohibition the last thing you wanted to smuggle
they hold a very simple the economy. at the support zero tolerance or you are accused as i was of wanting to sell heroin in candy machines to children. there is a whole spectrum of regulatory possibilities for different drugs to meet structure be treated differently right now we have a one-size-fits-all. can so we're going to have to experiment and find out which policies work best for each particular drug. stimulants are a bit more problematic, but we need to find up to what extent our war on...
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Jan 19, 2013
01/13
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CNNW
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is the world's largest economy, the u.s. dollar is a global reserve currency. housing continues to pick up, unemployment is going down, american corporations are the world's largest and they're sitting on lots of cash, which, you know, sort of quixotically it's precisely that strength that allows washington to continue to be so incredibly dysfunctional. yeah, i'm feeling pretty bad over whae's coming out of capitol hill in the next few months but it's not medication that leads me to believe america is stable. >> even washington may not be able to mess up what's going on. christine romans, we've been talking about the consequences of not having a budget, a serious plan to deal with debt and deficits. but a number of prominent democrats point out the debt problem isn't that much of a problem. money is basically free many america and republicans should stop obsessing about it. >> a new narrative and they're getting bolder with it. the debate is the way liberals and conservatives see the world. those on the left have no problem with the government taking a larger r
is the world's largest economy, the u.s. dollar is a global reserve currency. housing continues to pick up, unemployment is going down, american corporations are the world's largest and they're sitting on lots of cash, which, you know, sort of quixotically it's precisely that strength that allows washington to continue to be so incredibly dysfunctional. yeah, i'm feeling pretty bad over whae's coming out of capitol hill in the next few months but it's not medication that leads me to believe...
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Jan 15, 2013
01/13
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KTVU
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the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last night on crest avenue. neighbors say they heard about 30 rounds from what sounded likes an automatic assault rifle. the victim ran. he was taken to the hospital in critical but stable condition. so far no arrests have been made. >>> well, oakland's police chief and the mayor, they are working now to stop the surge in violence. 11 people were wounded in shootings over the weekend, six people have been killed so far this year. the police are blaming a lot of the violence on a feud between rival gangs. it started when a y
the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts....
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Jan 18, 2013
01/13
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CNBC
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president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing 12%, double where we were not that long ago. while analysts were determined to tell you the housing is about to go tepid. numbers don't fit into the scenario, not a negative one and that's the story of the market right now the bullish facts are getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one -- sell, sell, sell! this feels like a moment like the mid-1980s where the bulls are in control, ala boeing
president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing...
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Jan 18, 2013
01/13
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FBC
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eye 100
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so there are ways that we can do it, but to say that we're not -- we're going to jeopardize the economy of the united states and frankly even the world by not paying the bills that have already been incurred is absolutely -- [talking over to each other] david: you were willing to bring us to that brink in 02, 04, and 06. >> no i wasn't. david: you voted in favor of keeping the debt limit ceiling right where it was, that was the same kind of danger in going over into that default mode, no? >> it wasn't because that was a kind of protest vote knowing very full well that this was going to pass. are we seriously going to not let president bush pay for the debts that had been incurred? i absolutely would have voted in favor of raising the debt ceiling. david: final question about spending because i'm getting a wrap here. >> sure. david: we had in 2008 we had spending level of about 3 trillion dollars. in 2009 that ballooned up about 20% to about 3 1/2 trillion dollars. now, a lot of that was because of the stimulus program, which was part bush and part president obama. but then we remained a
so there are ways that we can do it, but to say that we're not -- we're going to jeopardize the economy of the united states and frankly even the world by not paying the bills that have already been incurred is absolutely -- [talking over to each other] david: you were willing to bring us to that brink in 02, 04, and 06. >> no i wasn't. david: you voted in favor of keeping the debt limit ceiling right where it was, that was the same kind of danger in going over into that default mode, no?...
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Jan 16, 2013
01/13
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KNTV
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san jose is banking on the $70 million-plus, the service will pump into the airport and the local economy each year. and we understand that delegation from san jose that was on that inaugural flight is still in japan tonight. live from san jose international, stephanie traung. >>> how to best prevent oakland from shootings and sheet violence. the safety committee voted to brought in extra help. but it won't say about the figure at that decision. jean elle is in oakland where that meeting has been going on for hours. and they kind of passed the buck. >> reporter: the safety committee listened to hours of emotional testimony. mostly from people concerned about bill bratton's tactics. after a rowdy meeting, the committee voted to support outside help but not bill bratton. they say his reputation is just too toxic. hundreds of people at an oakland public safety meeting booed police chief howard jordan. >> let the public speak. >> reporter: stopping the chief from explaining why he supports to spend $250,000 to hire police chief bill bratton for advice on how to stop violent crime in oakland.
san jose is banking on the $70 million-plus, the service will pump into the airport and the local economy each year. and we understand that delegation from san jose that was on that inaugural flight is still in japan tonight. live from san jose international, stephanie traung. >>> how to best prevent oakland from shootings and sheet violence. the safety committee voted to brought in extra help. but it won't say about the figure at that decision. jean elle is in oakland where that...
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Jan 15, 2013
01/13
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KRON
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. >> the increase in riders ship for bart is due to the improving economy and high gas prices bart riders ship has skyrocketed more than 366 366,000 passengers each weekday last year. this year 391,000 per week day. >> the san francisco police department released a sketch of a man who attacked in the mission district-- at tacked a woman . >> the sketch of a suspect, to to sexually assault a 31 year old woman back in january 6th. >> just before 3 in the morning, the woman was walking down to their street for church, when a man lunged at her grabbing her head bring to the ground. >> he described as an asian or hispanic male, 25 years of age, with the buzz haircuts and is light beard. >> the san mateo county narcotics task force arrested a man who officials say is suspected of selling illegal firearms out of his house and car. >> police arrested antonio infante that is all on spears avenue on friday. >> he is a convicted felon, which prohibits them from owning a firearm. >> police recovered to revolvers, one semi- automatic handgun and and sks assault rifle. that is what you're looking at he
. >> the increase in riders ship for bart is due to the improving economy and high gas prices bart riders ship has skyrocketed more than 366 366,000 passengers each weekday last year. this year 391,000 per week day. >> the san francisco police department released a sketch of a man who attacked in the mission district-- at tacked a woman . >> the sketch of a suspect, to to sexually assault a 31 year old woman back in january 6th. >> just before 3 in the morning, the woman...
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Jan 16, 2013
01/13
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KRON
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. >> when the economy outwith the economy in the dolldrums three years ago, congress created the payroll tax holiday, which cut the payroll tax from 6.2% to 4.2%.for 2011 and 2012. meaning more money in your paycheck to spend to help get the economy going. well that so called holiday expired at the end of last year. meaning your payroll tax goes back up 2% meaning less take home pay. here's what it means. households making between 40 and 50 thousand dollars will see 579 dollars less this year. those making between 50 and 75 thousand dollars will see about 822 dollars less this year. those making between 75 and 100 thousand dollars will pay 1,206 more in tax, or 100-dollars a month the big question is, will this impact the economy? since consumers have less in their paycheck each week, even if it's 25$ a week, will they spend less? some forecasters say definitely. others say we've paid this rate for years and this 2-percent will have little impact over the long term. especially when you consider that middle class tax rates are not going up. >> pam: now this payroll tax we're talking about
. >> when the economy outwith the economy in the dolldrums three years ago, congress created the payroll tax holiday, which cut the payroll tax from 6.2% to 4.2%.for 2011 and 2012. meaning more money in your paycheck to spend to help get the economy going. well that so called holiday expired at the end of last year. meaning your payroll tax goes back up 2% meaning less take home pay. here's what it means. households making between 40 and 50 thousand dollars will see 579 dollars less this...
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Jan 16, 2013
01/13
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KTVU
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economy including hiring veterans. they plan on hiring veterans, buying $50 billion worth of american made goods and helping part time workers transition into full time positions. >> facebook made its big announcement today and it wasn't quite as big as some people had hoped. robert handa is telling us about the new feature. >> reporter: the announcement there would be an announcement got the attention of literally the world today. the actual announcement here generated mixed feelings. news agencies from around the world came to facebook's mystery announcement today. founder and ceo mark zuckerberg unveiled graph search that will allow users to search the social network's database through their own friends post and help members zero in on other members who share interests. >> before having tools like this that was really just one half of the equation. people are going to have the ability to make these new connections. it's a new thing. >> reporter: tech analyst says it could help facebook and attract crucial advertisin
economy including hiring veterans. they plan on hiring veterans, buying $50 billion worth of american made goods and helping part time workers transition into full time positions. >> facebook made its big announcement today and it wasn't quite as big as some people had hoped. robert handa is telling us about the new feature. >> reporter: the announcement there would be an announcement got the attention of literally the world today. the actual announcement here generated mixed...
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Jan 16, 2013
01/13
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KNTV
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san jose is banking on the 70 plus million dollars pumped into the airport and local economy each year. nbc, bay area news. >> the forecast now with christina loren. it's bad when 36 is a warm-up. >> wow. >> it is going to be dreamy later today, keeping with the theme. temperatures in the 60s in some cities. we have a good-looking rebound. another cold start. however, with that said i'm happy to report this is the first morning in four days we don't have a freeze warning in place. 38 degrees in san francisco. although it's not that much warmer. 30 in napa. 28 degrees in navado. throughout the day we have a nice rebound. high pressure building in quickly. you have to take the good with the bad. as temperatures come up, the air quality is suffering. it's a spare the air day. we'll put it on the table right off the bat. so if the wood burning stove isn't your only source of heat, please postpone the fire until maybe, i would say we'll get better air quality tomorrow. a stronger on shore flow. temperatures will be comfortable. 61 degrees in fremont. 60 today in san francisco. santa cruz wi
san jose is banking on the 70 plus million dollars pumped into the airport and local economy each year. nbc, bay area news. >> the forecast now with christina loren. it's bad when 36 is a warm-up. >> wow. >> it is going to be dreamy later today, keeping with the theme. temperatures in the 60s in some cities. we have a good-looking rebound. another cold start. however, with that said i'm happy to report this is the first morning in four days we don't have a freeze warning in...
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Jan 16, 2013
01/13
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KNTV
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this new route could inject more than $70 million annually into the economy once the route starts up. it's not clear how long ana will keep the dreamliner grounded. bob riddle, "today in the bay." >> thank you. it's 5:14. a congresswoman wants to change hacking lawses after the suicide death of a popular internet activist. the suicide of aaron schwartz has people debating what's right and what's wrong. >> as we mentioned in the past you could never point to a single cause for a suicide. democratic congresswoman zoe lockran said it's time to update laws. a good number of people say they took advantage of poorly written or old laws to prosecute swartz for downloading academic papers without permission from a publically open network. the idea was opposed to change the law on reddit, the internet forum swartz helped create. initially he faced more than 40 years in jail but it was reduced to six months. the woman prosecuting him, carmen or advertise has become the target of criticism. so much so her husband, an ibm executive, has gone to twitter to fight back criticizing the swartz family
this new route could inject more than $70 million annually into the economy once the route starts up. it's not clear how long ana will keep the dreamliner grounded. bob riddle, "today in the bay." >> thank you. it's 5:14. a congresswoman wants to change hacking lawses after the suicide death of a popular internet activist. the suicide of aaron schwartz has people debating what's right and what's wrong. >> as we mentioned in the past you could never point to a single cause...
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Jan 19, 2013
01/13
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KTVU
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eye 153
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boxer said gun safety and the economy are front burner issues, but she'd like to see action on two other issues she believes are especially critical to california, climate change and immigration reform. >>> hundreds of thousands of people are expected in the nation's capital monday for president obama's inauguration. coming up the rush for tickets and the distance some people traveled to be part of history. >>> undergraduate applications to the university of california's nine campuses have taken a big jump this year. nearly 175,000 high school seniors and transfer students have applied for admission next fall, an increase of 8.6% from last year partly driven by a surge in applications from outside california. >>> the tsa is changing the kind of full body scanners used at san jose and oakland airports. it's going to stop using the scanners that show an image that looks like a naked body in the coming months and switch to a different brand that produces a generic image like an avatar. sfo uses the avatar type full body scanners. the naked body types generated numerous complaints about inva
boxer said gun safety and the economy are front burner issues, but she'd like to see action on two other issues she believes are especially critical to california, climate change and immigration reform. >>> hundreds of thousands of people are expected in the nation's capital monday for president obama's inauguration. coming up the rush for tickets and the distance some people traveled to be part of history. >>> undergraduate applications to the university of california's nine...
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Jan 16, 2013
01/13
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KNTV
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they could inject more than $70 million annually into the south bay economy. of course it's when it starts back up and it's not clear when ana will release its 787 dreamliner back into regular service. if you were on the 11:45 flight to tokyo this morning it's cancelled. reporting live, bob riddell, "today in the bay." >> it's affecting more than flights. the plane's manufacturer, boeing, is a dow component. boeing pulling the index lower this morning. >> indeed. let's continue our coverage with scott mcgrew. >> the dow is 56 points lower this morning. boeing is a big part of that. going is down another 3% this morning. we are watching the markets and yelp. here's mark zuckerberg yesterday at facebook headquarters talking about the new facebook graph search. you're able to search out cool things like "tell me which indian restaurants my friends from india like best." yelp didn't like it. shares in the restaurant review site fell 7% yesterday on that news. they are down another 3% this morning. back to you. >> thank you very much. want to take you back live to
they could inject more than $70 million annually into the south bay economy. of course it's when it starts back up and it's not clear when ana will release its 787 dreamliner back into regular service. if you were on the 11:45 flight to tokyo this morning it's cancelled. reporting live, bob riddell, "today in the bay." >> it's affecting more than flights. the plane's manufacturer, boeing, is a dow component. boeing pulling the index lower this morning. >> indeed. let's...
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139
Jan 15, 2013
01/13
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CNBC
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eye 139
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the fed is spending 6% more m-2 every year and that's helping the economy. but the real driver of growth is technology. it's the entrepreneur. it's the innovator. it's the creator. we have the cloud, the spark phone, attacking all of these great new technologies and that's what i try to draw investors' focus on. let's not pay so much attention to what government is doing. let's look at what is causing growth underneath, what has always caused growth and that's entrepreneurial activity, innovation, and activity. we have a lot of it going on right now. >> finally, brian, housing is turning into a pretty nice tail wind here. i wonder, though, you see the ten-year at 285. >> right. >> how much can the market withstand if the 30-year mortgage continues to tick up? >> when we go back to the early 1990s when housing was pretty strong, interest rates were a lot higher than they were today. i think the fed is artificially holding rates down. we could have the federal funds rate at 2, 2 1/2 without any harm to the economy. we could take the ten-year treasury up to 3,
the fed is spending 6% more m-2 every year and that's helping the economy. but the real driver of growth is technology. it's the entrepreneur. it's the innovator. it's the creator. we have the cloud, the spark phone, attacking all of these great new technologies and that's what i try to draw investors' focus on. let's not pay so much attention to what government is doing. let's look at what is causing growth underneath, what has always caused growth and that's entrepreneurial activity,...
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Jan 16, 2013
01/13
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KTVU
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eye 206
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. >>> world bank says the ongoing crisis in washington poses a significant risk to the global economy. home builder confidence holding steady at a seven-year high. taking a live look at the big board. the dow is down 26. the nasdaq up 7. s&p is flat. >>> a chinese factory will start making one model of jeep. chrysler isn't saying which model it will be. but the vehicles made in china will be sold in that country. chrysler sold 50,000 suvs in champion last year. the jeeps will be made by a company that's already building fiats in china and fiat owns chrysler. >>> let's brick up up to date on some of the other top stories we're following for you. we're minutes away from hearing president obama's plan to reduce gun violence. the president will tell us what he wants from congress as ally el -- as well as the executive actions he's prepared to take on his own. the president is tu to speak at 8:55. ktvu will bring it to you live. we'll stream it live at ktvu.com. >>> well, the mayor of london says it's too early to know the exact cause of today's deadly helicopter crash right in the heart o
. >>> world bank says the ongoing crisis in washington poses a significant risk to the global economy. home builder confidence holding steady at a seven-year high. taking a live look at the big board. the dow is down 26. the nasdaq up 7. s&p is flat. >>> a chinese factory will start making one model of jeep. chrysler isn't saying which model it will be. but the vehicles made in china will be sold in that country. chrysler sold 50,000 suvs in champion last year. the jeeps...
SFGTV: San Francisco Government Television
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Jan 20, 2013
01/13
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SFGTV
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eye 74
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the majority of it came from the general fund baseline, which you know, because the economy improved, we received additional general fund monies. and we also received significant more additional federal and state grants. those are our two largest increases in state revenue. we also got $16 million from fares and parking meters, a combination -- mostly due to our annual fare increases that we now have established a policy on and the fact that we are getting more money from parking meter because of our new technology. to offset the increase in revenue of $6 1 million we saw an increase in expenditures of $54 million and mostly in the personnel services and repairs and maintenance cost line items. so we change our from $7 million in the prior year. here is a picture of our bloat, which gives you a sense of our assets and liabilities. our assets went up $225 million from the prior year. the majority of it is in higher revenues and investment of capital assets. we shows decreases because debt service were decreased because as you know we resised es reissued debt. we had increases in other
the majority of it came from the general fund baseline, which you know, because the economy improved, we received additional general fund monies. and we also received significant more additional federal and state grants. those are our two largest increases in state revenue. we also got $16 million from fares and parking meters, a combination -- mostly due to our annual fare increases that we now have established a policy on and the fact that we are getting more money from parking meter because...
SFGTV: San Francisco Government Television
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51
Jan 19, 2013
01/13
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SFGTV
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eye 51
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the majority of it came from the general fund baseline, which you know, because the economy improved, we received additional general fund monies. and we also received significant more additional federal and state grants. those are our two largest increases in state revenue. we also got $16 million from fares and parking meters, a combination -- mostly due to our annual fare increases that we now have established a policy on and the fact that we are getting more money from parking meter because of our new technology. to offset the increase in revenue of $6 1 million we saw an increase in expenditures of $54 million and mostly in the personnel services and repairs and maintenance cost line items. so we change our from $7 million in the prior year. here is a picture of our bloa
the majority of it came from the general fund baseline, which you know, because the economy improved, we received additional general fund monies. and we also received significant more additional federal and state grants. those are our two largest increases in state revenue. we also got $16 million from fares and parking meters, a combination -- mostly due to our annual fare increases that we now have established a policy on and the fact that we are getting more money from parking meter because...
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Jan 15, 2013
01/13
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CNNW
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that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits, and create an environment where the businesses can grow in the united states. the most important thing is we come together with a comprehensive solution, not just working one piece or the other, but a comprehensive solution where we can start to grow the economy again for everybody. >> but the order in which we do things matters. first, raise the debt ceiling, allowing america to pay for its bills that it already racked up. then come up with a longer term plan that could put us back in fiscal good health. america's ability to meet its obligations should not be held hostage to an agreement on s
that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits,...
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Jan 17, 2013
01/13
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KICU
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eye 98
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instead, they just happened to cross paths. 30-year-old humphrey kenneth gas economy of galt took his own life after shooting the officer. investigators say the reported burglary suspect was later identified as a relative of the property owner. >>> a funeral service is under way for an innocent bystander who died in a new year's day crash in san francisco. 26-year-old francisco gutierrez was killed while walking outside a liquor store on van nuys avenue. police say a speeder caused the crash while speeding away from officers. another bystander was also killed. he was in a car held by the suspect. >>> san jose police have released the sketch of a man who has a neighborhood on alert after he tried to snatch a child from her mother's arms. police say the three-year-old was playing with other children when the man approached and comment ed on how she looked. feeling uncomfortable, the mother picked up the girl, but the man tried to pull the toddler from her arms. >> when he knelt down, he grabbed my daughter by her feet. we were tugging at each other. and her bottoms were falling off, and
instead, they just happened to cross paths. 30-year-old humphrey kenneth gas economy of galt took his own life after shooting the officer. investigators say the reported burglary suspect was later identified as a relative of the property owner. >>> a funeral service is under way for an innocent bystander who died in a new year's day crash in san francisco. 26-year-old francisco gutierrez was killed while walking outside a liquor store on van nuys avenue. police say a speeder caused the...
SFGTV: San Francisco Government Television
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line with the state law is something that will help with cash flow issues, especially during our tough economy. this is very inline with some of the legislation that supervisor chu has worked on in past to help make it easier for contractors working with our city. the second change, very basic also has to do with enforcement of this provision. so again, we're mimicking what state law did, which is that any contractor who does not pay their sub within seven calendar days, and we had a couple of stakeholder meetings not only with department folks, but contractors in the community. and some of them had voiced they would really like to see legislation that mirrors what the state does. they do [tpwho-rbgt/] just work not only in san francisco, but all over the area and would like to see some consistency with the various laws. the other thing we also want to recognize, i know mohammed has a task force and they are looking into prompt payment issues. so we also want to be cognizant there is that parallel process going on. they are working on, for example, systems to make it more transparent in terms
line with the state law is something that will help with cash flow issues, especially during our tough economy. this is very inline with some of the legislation that supervisor chu has worked on in past to help make it easier for contractors working with our city. the second change, very basic also has to do with enforcement of this provision. so again, we're mimicking what state law did, which is that any contractor who does not pay their sub within seven calendar days, and we had a couple of...
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. >>> and a troubling sign for the economy and the financial security for millions of americans. a new report showing that more than one-quarter of american workers are dipping into their 401(k) plans to pay their bills. a major increase from just a few years ago. among workers in their 40s, in fact, that number is even higher. it stands at roughly one in three. >>> and a scare for tennis star serena williams, this morning, chasing a ball in the first set of the australian open here. she actually will fall and stay down for several minutes. but after getting her ankle taped, she was able to bounce back and easily win a first-round match. >>> now, a heartwarming end to what we saw at the top of the show. a frightening scene. fans rushing the court after north carolina state pulled a big win over duke. we are going to zoom in, however. you see there, a young fan in a wheelchair at the front of the crowd. actually recording everything from his perspective. you can see him eventually pushed to the floor. he gets lost in this stampede. obviously, a terrifying moment. he's yelling for
. >>> and a troubling sign for the economy and the financial security for millions of americans. a new report showing that more than one-quarter of american workers are dipping into their 401(k) plans to pay their bills. a major increase from just a few years ago. among workers in their 40s, in fact, that number is even higher. it stands at roughly one in three. >>> and a scare for tennis star serena williams, this morning, chasing a ball in the first set of the australian...
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economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy isn't out of the woods just yet from fiscal threats. back to you. >> thank you very much, seema. >>> let's check in with meteorologist christina loren as we kind of adjust the shot. >> everyone come in. lean in. i'm the queen. you'll have to do something to stay warm out there this morning. lean back if that's what it takes. 4:47. it is cold out there this morning. you're going to need all the winter gear you have in your closet. you could wear the snowboarding gear to work this morning if you wanted to. stay warm. i definitely brought my board and jacket in this morning. it's frigid out there. this is the last morning we expect the mid 20s. tomorrow we'll see more upper 20s and low 30s. this morning it is very cold. even cold
economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy isn't out of the woods just yet from fiscal threats. back to you. >> thank you very much, seema. >>> let's check in with meteorologist christina loren as we kind of adjust the shot. >> everyone come in....
SFGTV: San Francisco Government Television
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Jan 14, 2013
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matter is how we can put things into order in our household but definitely italy is a major stable solid economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san francisco design week, so we will have an italian design week too. we are planning on an exhibition of cultural institute with major brands of interior design. there's also very nice thing that we're working on. a famous architect has designed the california academy of sciences, the wonderful building in golden gate park. he has also designed similar museum in italy in my city and the museum is almost finished there, and our ambition is to have him come over and celebrate at the academy, and also talk to young architects about the most sustainable ways to build this century. other questions? if there is no other question i thank you so much. thank our distinguished guest for being he
matter is how we can put things into order in our household but definitely italy is a major stable solid economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san francisco design week, so we will have an italian design week too....
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they want congress to work together to get its act together and get the economy moving. >> the american people also elected another house of representatives, a republican house of representatives, and that is our most direct form of representation in the federal government, the house of representatives, and they're the ones that control the purse strings. we have to do something. this isn't -- the thing is this is not about party politics. this is about the solvency of this country, it is about this country being the greatest nation on earth. it's our greatest threat to our national security. >> some people would say it is about party politics and some people, frankly, blame the tea party for this terrible gridlock in the house of representatives. there's a tea party group in south florida that's going to change its name to not include the tea party because the public reacts so negatively to that title now. >> i think that's because we have been, i mean just given a bad rap. all we're about is fiscal responsibility. we're not about social issues. all we want is washington to live within
they want congress to work together to get its act together and get the economy moving. >> the american people also elected another house of representatives, a republican house of representatives, and that is our most direct form of representation in the federal government, the house of representatives, and they're the ones that control the purse strings. we have to do something. this isn't -- the thing is this is not about party politics. this is about the solvency of this country, it is...
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and to the world economy that would be. so it is more than just their prerogatives. in his mind. he says we're facing a choice between doing what should be in his mind a very simple vote. a very easy vote or creating potentially enormous self--inflicted wound. >> edward isaac deavere is our guest. he's the deputy white house editor for politico. so how do you read this at the other end of pennsylvania avenue? do you think this is a message that will be heard by house republicans or do you think they'll just be defiant and be willing to shut the government down the way they did in 1955? >> it was heard by the republicans of the hill but they did not seem to be very much swayed by the arguments that the president was making. speaker john boehner and mitch mcconnell, senate republican leader both responded with statements basically saying that this is exactly the right time in their mind to have a discussion about the deficit cutting measures being -- the debt ceiling. this is all one conversation in their minds where the pres
and to the world economy that would be. so it is more than just their prerogatives. in his mind. he says we're facing a choice between doing what should be in his mind a very simple vote. a very easy vote or creating potentially enormous self--inflicted wound. >> edward isaac deavere is our guest. he's the deputy white house editor for politico. so how do you read this at the other end of pennsylvania avenue? do you think this is a message that will be heard by house republicans or do you...
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Jan 16, 2013
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economy. the retail giant plans to hire more than 100,000 veterans over five years. wal-mart also says it'll buy $50 billion worth of american-made goods over ten years and help part-time workers who want more hours move to full time. >>> on wall streeshths stocks finished the day mixed. strong retail numbers boosd the dow, which rose by 27. nasdaq, though, lost six point way,ed down in large part by apple. the day was a dubous one for apple which closed below $500 a share for the first time in 11 months. apple is reportedly cutting its orders for iphone parts suggest sales are lacking. for the day apple dpe cliend about $15, more than 3%. >>> facebook took a page out of apple's play book today by inviting the media to a big announce. but as robert honda reports, the new product didn't quite live up to all the hype. >> news agencies from around the world came to facebook's mystery announcement today. founder and ceo mark suker burg unveiled graph search, an advanced search capability that will ultimately allow users to search the data base through their own friends'
economy. the retail giant plans to hire more than 100,000 veterans over five years. wal-mart also says it'll buy $50 billion worth of american-made goods over ten years and help part-time workers who want more hours move to full time. >>> on wall streeshths stocks finished the day mixed. strong retail numbers boosd the dow, which rose by 27. nasdaq, though, lost six point way,ed down in large part by apple. the day was a dubous one for apple which closed below $500 a share for the...
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economy. we do know that bad things probably happen. we also assume that house republicans at the end of the day will blink on this. i just would not make that assumption. i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody knows how that will play out. >> we may just find out what happens when we reach the debt limit. jim, in spite of what the white house's grand plans for gun reform may be, there still may be not a lot of backing in congress. if you look at even republicans in the midwest and republicans in the north, how does this play out right now in congress? >> well, right. there's going to
economy. we do know that bad things probably happen. we also assume that house republicans at the end of the day will blink on this. i just would not make that assumption. i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's...
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. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349 suicides by service men and women in 2012. that's almost one a day, and also 48 mor
. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits...
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. >> they will not collect a ransom in exchange for not trashing the american economy. >> from the debt ceiling debate to gun control, president obama lays out what he expects from lawmakers. >> and speaking of gun control, how bay area police are working with schools to keep students safe in case of a shooting on campus. by the cold snap. by the cold snap. >>> the longer the temperature stays below freezing the more damage the artichokes succumb to. >> now at 6:30 crops damaged by the cold snap. the beg chill that has most of the state in its grip is starting to have an effect on our pocketbooks. len ramirez in monterey counted where farmers are seeing some damage to their crops already. len. >> reporter: that's right, there is some damage but not catastrophic yet. it's likely to be another sleepless night for california farmers. they will be up worrying about the damage the frost may be doing or they are going to be working around the clock to try and lessen the damage. >>> reporter: salinas valley farm crews spent the day working to protect crops from another night of frost in a stra
. >> they will not collect a ransom in exchange for not trashing the american economy. >> from the debt ceiling debate to gun control, president obama lays out what he expects from lawmakers. >> and speaking of gun control, how bay area police are working with schools to keep students safe in case of a shooting on campus. by the cold snap. by the cold snap. >>> the longer the temperature stays below freezing the more damage the artichokes succumb to. >> now at...
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. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349 suicides by service men and women in 2012. that's almost one a day, and also 48 mor
. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits...
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but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues. but this is -- he's got them again. >> here's the problem with the republican party being owned by extremists on issues not related to the debt. let me tell you something, the president of the united states, it's laughable that he would talk about republicans not being responsible on debt issues when this president has been in the white house since january the 20th, 2009, and he has yet to do anything significant on social security or medicare. he cut medicare, so he could start a new entitlement program. that's not making medicare more solvent. he hasn't done anything to curb the costs
but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues....
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what is a drag on the economy is the spending. that is what is hurting hard-working taxpayer right now. and so we need him to join us in this effort. >> at the end of the day, this is going to be a question about public opinion. what makes you think talking about not raising the debt ceiling or shutting down the government, what have you, is a winner in the court of public opinion? >> well, again, we don't want to shut down the government, but in the court of public opinion, people also know that the federal government and the out of control spending is unsustainable. and large majorities of the american people want us to cut spending, to start making the tough decisions, to balance our budgets, start living within our means. the american people, in their own families, they understand that you have to do that. you have to make the tough decisions. you have to get your budget, you've got to put it in order. and they expect their elected officials and their leaders to do likewise. and that's what needs to happen over the next few we
what is a drag on the economy is the spending. that is what is hurting hard-working taxpayer right now. and so we need him to join us in this effort. >> at the end of the day, this is going to be a question about public opinion. what makes you think talking about not raising the debt ceiling or shutting down the government, what have you, is a winner in the court of public opinion? >> well, again, we don't want to shut down the government, but in the court of public opinion, people...
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Jan 18, 2013
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it was released today and santa clara county has the top ranked economy in the nation. in 2011, the south bay was a distant 51st in the country. the san francisco, san mateo, marin region is lumped together and was rated number 36 in the country - up from 57 in 2011. and the east bay is number 155 - up from 168 a year ago. the santa monica based the study. it indicates the south bay claimed the top spot thanks technology industry. >> jacqueline: 60s expected for the weekend in several locations with upper 60s a look outside at the satellite and radar with this area of high pressure. it is driving the storm will to the north. not much rain for the next several days in fact, blue skies and warmer conditions. tomorrow, still chilly. 29 in napa santa rosa. for fairfield, also the 20's and 30's in concord, pleasanton but opera 30's for the bay shore and the south day. 43 in san francisco. 60s in the south bay in cupertino, campbell, milpitas. more low 60s for the inland valleys. 60s in concord, livermore and also 60s for the east bay shore. overall, not three like january. t
it was released today and santa clara county has the top ranked economy in the nation. in 2011, the south bay was a distant 51st in the country. the san francisco, san mateo, marin region is lumped together and was rated number 36 in the country - up from 57 in 2011. and the east bay is number 155 - up from 168 a year ago. the santa monica based the study. it indicates the south bay claimed the top spot thanks technology industry. >> jacqueline: 60s expected for the weekend in several...
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last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the movies and stage a cording to his daughter he died at home in livermore. conrad bain >>> a coalition of consumer groups is asking the federal government to take a look at the lending practices of san francisco based wells fargo bank. >> that is right. they're concerned about a program they claim is like a pay day loan product. >> michael finney is here now with a story of a woman comparing her experience to a debt trap. >> yes this, wells fargo prefers to call the program a direct deposit advance, charging 1 path $50 for every $20 borrowed. your loan must be paid in full when the next check arrives. the fee on the loan i
last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the...
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wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized for its low paying jobs and treatment of workers. today's announcement will likely help the company's imagine. >>> new at 10:00 tonight an armed robbery inside an east bay home improvement store it happened shortly after 7:00 tonight at the home depot in san leandro on davis street. two men one armed with a handgun held up a cashier. there's no word on how much cash was taken. one person fainted and was taken to the hospital. no one saw the man leave so there's no description of the man. >>> sheriff's deputies found a car parked across from the sonoma state campus in santa rosa last night. deputies say they recognized the
wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized...
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the economy very happy to hear that. we saw a better-than-expected rise in retail sales in december up .5% overall from the month of november. that was better than expected given all the stress regarding the "fiscal cliff" threats and when you lock at the best performing category cars and trucks, 1.6% up overall in 2012 the best year for auto sales since 2007. the numbers overall would have been even better if you strip out a 1.6% decline in the price of gas. now, when it comes to that decline in gas prices, that led to lower inflation on wholesale side of the equation. the producer price index fell two-tenths of a percent last month from the month before. overall, wholesale side inflation in 2012 up only 1.3%. that compared to a 4.7% inacross in 2011 falling gas prices certainly helping out at the end of the year. stock market coming off a mixed day and looking at a lower open this morning. continuing concern over techs including apple and iphone 5 demand in the holiday quarter. a look at the big board the dow is down 2
the economy very happy to hear that. we saw a better-than-expected rise in retail sales in december up .5% overall from the month of november. that was better than expected given all the stress regarding the "fiscal cliff" threats and when you lock at the best performing category cars and trucks, 1.6% up overall in 2012 the best year for auto sales since 2007. the numbers overall would have been even better if you strip out a 1.6% decline in the price of gas. now, when it comes to...
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that would be a good for market, sellers and buyers and the economy overall. >> reporter: we're not there right now? >> we're really hot. >> reporter: too hot? >> i think so. too hot to sustain. >> reporter: a lot of factors influence that median price including artificially low interest rates and buyers feeling pressure to bid ever higher. the fear is that the whole thing could collapse again. nobody wants to go back to 2009. but the warnings are there. if the market gets too hot, somebody could get burned. in concord, john ramos, cbs 5. >> the industry experts predict the higher prices will eventually lead to more inventory for sale. to see the housing numbers broken down county by county go to our website, cbssf.com. click on news. >>> a barber and father of a five-year-old girl is the first homicide victim of the year in san jose. cbs 5 reporter elissa harrington shows us the victim's family is turning to the public in their quest for answers. >> we don't want to wake up every morning asking the same question, why and who? >> reporter: why 34-year-old ivan segura was killed and who di
that would be a good for market, sellers and buyers and the economy overall. >> reporter: we're not there right now? >> we're really hot. >> reporter: too hot? >> i think so. too hot to sustain. >> reporter: a lot of factors influence that median price including artificially low interest rates and buyers feeling pressure to bid ever higher. the fear is that the whole thing could collapse again. nobody wants to go back to 2009. but the warnings are there. if the...
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this is a big part of our economy. people feel more and wealthier when their home is doing well. >> let's talk about bowling. to this is dominating the headlines. we have already had japan ground their planes and now york. ethiopia is starting to the ground theirs as well. what is the situation with bowling? >> and boeing is one of those companies that is one of the greatest. they are almost like dale. this is a japanese battery maker and this seems to be the biggest problem. death a a burly cleared the plan is two months ago and worldwide regulators are ground the planes. i do not like this because there's too much of a chance of recalls. short- term, boeing is a risk. but they will not go out of business and the plane will figure out its problems. you probably wil >> thank you rob. we will be visiting with you a began talking about the winners and losers later. the >> we're taking a look at van ness ave. >> we have several spots in the upper 20s. it is clear conditions for most of us perry ed it is patchy frost and t
this is a big part of our economy. people feel more and wealthier when their home is doing well. >> let's talk about bowling. to this is dominating the headlines. we have already had japan ground their planes and now york. ethiopia is starting to the ground theirs as well. what is the situation with bowling? >> and boeing is one of those companies that is one of the greatest. they are almost like dale. this is a japanese battery maker and this seems to be the biggest problem. death...
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wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized for its low paying jobs and treatment of workers. today's announcement will likely help the company's imagine. >>> new at 10:00 tonight an armed robbery inside an east bay home improvement store it happened shortly after 7:00 tonight at the home depot in san leandro on davis street. two men one armed with a handgun held up a cashier. there's no word on how much cash was taken. one person fainted and was taken to the hospital. no one saw the man leave so there's no description of the man. >>> sheriff's deputies found a car parked across from the sonoma state campus in santa rosa last night. deputies say they recognized the
wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized...
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Jan 18, 2013
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this sunday on "press: here" we'll examine what robots mean for the world economy. we sent factory jobs overseas. those jobs could come back to america and made by robots. one of the world's experts on technology and manufacturing from m.i.t. will be my guest this week. this could be a game changer in world politics. for about the last ten years we've been giving developing economies like china and india a taste of capitalism and growing standard of living. we're this close to taking the jobs away. the moment robots become cheaper to operate than people, what will happen with china when all those people lost their jobs? they're our biggest bank. i understand that we do have nbc. let's check in with whoever it is this morning. seema mody. good morning. >> it's me. hello. good morning. futures are mixed this morning after markets overseas specifically in japan rallied overnight. the nikkei moving higher after they said remarks on the yen were misinterpreted. intel reported disappointed earnings last night. stocks rose thursday on numbers with unemployment and housing
this sunday on "press: here" we'll examine what robots mean for the world economy. we sent factory jobs overseas. those jobs could come back to america and made by robots. one of the world's experts on technology and manufacturing from m.i.t. will be my guest this week. this could be a game changer in world politics. for about the last ten years we've been giving developing economies like china and india a taste of capitalism and growing standard of living. we're this close to taking...